Argo Group (ARGO) got here out with a quarterly lack of $0.44 per share versus the Zacks Consensus
Argo Group (ARGO) got here out with a quarterly lack of $0.44 per share versus the Zacks Consensus Estimate of $0.03. This compares to earnings of $0.68 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of -1,566.67%. 1 / 4 in the past, it was anticipated that this property and casualty insurance coverage underwriter would put up earnings of $0.25 per share when it truly produced earnings of $0.48, delivering a shock of 92%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates 3 times.
Argo Group, which belongs to the Zacks Insurance coverage – Property and Casualty trade, posted revenues of $493.60 million for the quarter ended September 2019, surpassing the Zacks Consensus Estimate by 2.12%. This compares to year-ago revenues of $484.70 million. The corporate has topped consensus income estimates two occasions over the past 4 quarters.
The sustainability of the inventory’s speedy worth motion…